Buy-now-pay-later (BNPL) has expanded from consumer retail into business payments, with several providers now targeting SMEs. Credicorp Slice occupies similar territory but is structured differently — and designed specifically for UK limited companies.
How most business BNPL products work
Business BNPL typically integrates at the point of supplier checkout, splitting an invoice into instalments — often two to four payments. Some charge the buyer a flat fee; others charge the supplier a percentage and pass costs on indirectly. Terms, fees, and eligibility vary significantly by provider, and some products carry late-payment penalties that compound the cost quickly.
How Credicorp Slice works
Credicorp Slice is not a checkout integration. You bring a specific company bill — a supplier invoice, a tax charge, a renewal, or any other business cost — and Credicorp advances payment to the payee. Your company then repays over three or four weekly instalments. The fee is a flat 6% of the bill value, applied once. There is no compounding interest, no penalty for early completion within the schedule, and no variable rate. The cost is known from the moment you apply.
Who it is designed for
Slice is for UK limited companies and LLPs that need to spread a defined, one-off business cost without drawing down a full revolving facility or taking on a longer-term loan. It keeps working capital free for other uses and turns a large single outgoing into four manageable weekly amounts. There is no director personal guarantee — the facility is with the company.
We lend only to UK limited companies and LLPs, and the loan is to the company with no director personal guarantee. As business finance outside the consumer-credit regime, it is not covered by the Financial Ombudsman Service or FSCS.
See also: Credicorp vs a business credit card, Credicorp vs a merchant cash advance.